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Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg

Decrypt · May 7, 2026, 1:48 PM · Also reported by 4 other sources

The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.

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Yahoo Finance Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg CoinDesk Kraken to buy stablecoin payments firm Reap in $600 million deal: Bloomberg Yahoo Finance Kraken Parent Payward Buys Reap for $600 Million to Expand Stablecoin Payments Bloomberg Tech Kraken Parent to Buy Reap for $600 Million

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Kraken Parent Acquires Asian Stablecoin Firm Reap for $600 Million: Bloomberg

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